European shares dipped in choppy trading on Monday, rocked by a fresh wave of uncertainty regarding U.S. trade policy after President Donald Trump announced a new rate of global tariffs. The pan-European STOXX had capped last week with a record high after the U.S. Supreme Court struck down tariffs that Trump had slapped on global economies last year. Get a look at the day ahead in European and global markets with the Morning Bid Europe newsletter. Sign up here. Over the weekend, Trump announced a new 10% rate and then lifted it to 15%, sparking ambiguity over the relevance of trade deals such as with the EU. The European Commission has ruled out changes. Advertisement · Scroll to continue
On Monday, the STOXX (.STOXX), opens new tab slipped 0.3% to 628.62 points by 0815 GMT, with Germany's DAX (.GDAXI), opens new tab down the most by 0.7%. Most sectors were in the red, with technology (.SX8P), opens new tab leading declines with a 1.3% drop, while banks (.SX7E), opens new tab, (.SX7P), opens new tab, seen as more domestically focused, among the top gainers. Italy's biggest utility Enel <ENEI.MI, opens new tab> gained 3.4% after saying it would increase its capital expenditure over the next three years, shifting focus to renewables, mainly in Europe and the U.S. Johnson Matthey <JMAT.L, opens new tab> tanked 14% after agreeing to slash the sale price of its catalyst technologies business to Honeywell <HON.O, opens new tab>, after the unit underperformed in fiscal 2025 with deferred projects and weaker profitability.
